iShares Morningstar Value ETF (NYSEARCA:ILCV – Get Free Report) was the target of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 52,759 shares, a growth of 307.2% from the September 15th total of 12,958 shares. Based on an average daily trading volume, of 30,428 shares, the short-interest ratio is presently 1.7 days. Currently, 0.4% of the shares of the company are sold short.
iShares Morningstar Value ETF Trading Up 0.6%
Shares of NYSEARCA ILCV traded up $0.63 during midday trading on Friday, reaching $107.84. 19,532 shares of the company were exchanged, compared to its average volume of 35,702. iShares Morningstar Value ETF has a 1 year low of $88.03 and a 1 year high of $109.57. The stock has a fifty day simple moving average of $107.43 and a 200 day simple moving average of $102.54. The stock has a market cap of $1.36 billion, a P/E ratio of 19.33 and a beta of 0.81.
Institutional Trading of iShares Morningstar Value ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in ILCV. Matrix Trust Co purchased a new position in shares of iShares Morningstar Value ETF in the 3rd quarter valued at approximately $70,744,000. Royal Bank of Canada raised its stake in shares of iShares Morningstar Value ETF by 1.3% during the first quarter. Royal Bank of Canada now owns 217,765 shares of the company’s stock worth $20,282,000 after purchasing an additional 2,706 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of iShares Morningstar Value ETF by 7.2% during the first quarter. Cetera Investment Advisers now owns 197,023 shares of the company’s stock worth $18,351,000 after purchasing an additional 13,191 shares during the last quarter. Northwest Wealth Advisors LLC raised its stake in shares of iShares Morningstar Value ETF by 18.3% during the first quarter. Northwest Wealth Advisors LLC now owns 154,510 shares of the company’s stock worth $14,391,000 after purchasing an additional 23,950 shares during the last quarter. Finally, Systelligence LLC acquired a new stake in shares of iShares Morningstar Value ETF during the first quarter worth $11,380,000.
About iShares Morningstar Value ETF
The iShares Morningstar Value ETF (ILCV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a market cap-weighted index of value stocks, selected from the top 90% of the US market-cap spectrum. ILCV was launched on Jun 28, 2004 and is managed by BlackRock.
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